Question: You borrow $ 1 4 , 0 0 0 . 0 0 to buy a car at 8 . 9 % compounded quarterly. You'll repay

You borrow $14,000.00 to buy a car at 8.9% compounded quarterly. You'll repay the loan in equal monthly payments over 5 years. Payments are made at the end of each month.
What is the size of the monthly payment?
Question 4 options:
$289.50
$269.75
$287.38
$278.56

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